Bryn Mawr Capital Management LLC Sells 2,055 Shares of General Electric (NYSE:GE)

Bryn Mawr Capital Management LLC decreased its holdings in General Electric (NYSE:GE) by 26.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,821 shares of the conglomerate’s stock after selling 2,055 shares during the period. Bryn Mawr Capital Management LLC’s holdings in General Electric were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Foundations Investment Advisors LLC increased its position in shares of General Electric by 5.2% during the third quarter. Foundations Investment Advisors LLC now owns 10,364 shares of the conglomerate’s stock worth $1,954,000 after purchasing an additional 513 shares in the last quarter. Private Advisor Group LLC increased its position in shares of General Electric by 1.7% during the third quarter. Private Advisor Group LLC now owns 98,308 shares of the conglomerate’s stock worth $18,539,000 after purchasing an additional 1,670 shares in the last quarter. McAdam LLC increased its position in shares of General Electric by 4.2% during the third quarter. McAdam LLC now owns 2,542 shares of the conglomerate’s stock worth $479,000 after purchasing an additional 103 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of General Electric by 21,069.8% during the third quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate’s stock worth $598,391,000 after purchasing an additional 3,158,153 shares in the last quarter. Finally, Brighton Jones LLC increased its position in shares of General Electric by 19.5% during the third quarter. Brighton Jones LLC now owns 9,587 shares of the conglomerate’s stock worth $1,808,000 after purchasing an additional 1,567 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

NYSE:GE opened at $208.93 on Friday. General Electric has a one year low of $118.13 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $224.24 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 2.61 and a beta of 1.22. The firm’s fifty day moving average is $185.89 and its two-hundred day moving average is $180.43.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Research analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is presently 18.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Wells Fargo & Company upped their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup upped their price target on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.